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An Alaska seven (7) day notice to pay or quit is a letter used to notify a tenant with unpaid rent that they have the notice period to pay or vacate the property. By law, the notice must contain the language that the tenant has the choice of paying or moving within the timeframe. If…

An Alaska promissory note is a legal document that outlines the terms of money borrowed, by an individual or entity, for a term and the interest rate agreed upon by the parties. In addition, the lender may charge fees for late payment and in the event of default by the borrower. Once the money has been transferred,…

An Alaska unsecured promissory note is an unbinding agreement between two parties on the basis of lending money. The agreement allows for the lending of a certain amount of money to a borrower with the expectation that the lender receives an increase in money by collecting the original loan amount with added interest. The major difference…

An Alaska secured promissory note is a signed document between two parties that contains a written promise to pay back the other within a specified time frame. The ‘secured’ part of the promissory note relates to the fact that if the borrower does not pay back the loan by the due date, the lender is guaranteed…

An Alaska small estate affidavit allows the successors of a person who has passed away to collect property of the person who died without having to go through the added time of the probate process. This option is only available for estates with a value less than a maximum established by the state legislature, and…

An Alaska last will and testament is a legal document that ensures a person’s personal and real property will be distributed in the way he or she desires after his or her death. A testator can name the intended beneficiaries on the will, such as family members, friends, or other individuals with whom they wish…

Alaska deeds are legal documents that allow the transfer of real estate, according to Title 34, Chapter 15 (Conveyances), from a seller (Grantor) to a buyer (Grantee). There are three (3) main deed types to handle a traditional sale or if just an interest in property is being transferred. The deeds should be completed after…

An Alaska transfer on death deed allows an owner of real property to designate a beneficiary that is able to take ownership of the property upon the grantor’s death without going through probate. The deed will not grant ownership of additional real or personal property. Laws: Title 13, Chapter 48 – Uniform Real Property Transfer…

An Alaska general warranty deed is used to sell a piece of real estate to another with a broad warranty of title. This means that the seller is guaranteeing that he or she holds legal title to the property and there are no other encumbrances and no other people who can claim an interest in…

An Alaska quit claim deed is a document that includes the transfer of ownership in real estate, with no guarantees, from a grantor (seller) to a grantee (buyer). If the grantor has any ownership of the property, it will be transferred to the grantee. The grantee is accepting the risk that the property is owned…